Category: Bay Area Cities

San Francisco’s once-booming, 88-million-square-foot office market is feeling more like a ghost town as vacancies soar to unprecedented heights, leaving the city’s skyline looking emptier than ever. According to the latest data from CBRE, office vacancy rates in the City by the Bay hit a staggering 36.6% in the first quarter, marking a 1.3% increase from the previous quarter. This surge in vacancies has pushed San Francisco’s office market into uncharted territory, with availability — which includes both vacant and occupied, but available, spaces — rising to 38.7%. Last quarter’s…